World Oil Falls On Resurgence Of Virus Cases, Oversupply July 10, 2020 Ekemini Oil prices dropped on Friday and were headed for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic…
Business Forex: Naira Stable On Parallel Market July 9, 2020 Ekemini The naira stayed stable at N461/$1 on the parallel market yesterday, as traders appeared confused about whether the Central Bank of Nigeria’s (CBN) adjustment of the exchange rate at the…
Local Place Visitors From Lagos, Abuja On 14-Day Isolation, Wike Tells Rivers Residents July 9, 2020 Ekemini Governor Nyesom Wike of Rivers State has advised residents to be wary of persons coming from states with high coronavirus cases such as Lagos and the Federal Capital Territory, Abuja.…
Business Local Mixed Reactions As CBN Moves To Unify Exchange Rate July 9, 2020 Ekemini Lagos — With moves by the monetary authorities to unify the Naira foreign exchange (forex) rates gaining traction, economic analysts believe that the step may impact positively on the economy…
Local Nigeria’s Confirmed Coronavirus Cases Pass 30,000 -NCDC July 9, 2020 Ekemini Nigeria’s confirmed coronavirus cases passed 30,000 on Wednesday, the country’s disease control centre said, as the virus spreads in Africa’s most populous country amid an easing of restrictions put in…
Business FG Explains Deregulation Of Oil Downstream Sector July 9, 2020 Ekemini The Minister of State for Petroleum Resources Chief Timipre Sylva says the deregulation of the downstream oil sector was to ensure economic growth and development of the country. Sylva made…
Africa Africa’s CDC Urges More COVID-19 Tests, Masks, As Continent’s Cases Top 500,000 July 9, 2020 Ekemini African countries urgently need to scale up coronavirus testing and the use of face masks, a regional disease control body said on Thursday, as the epidemic gains traction across the…
World China’s market euphoria trumps political risk in Hong Kong July 9, 2020 Ekemini Investors in China’s soaring stock market are increasingly turning to Hong Kong for bargains, egging on an investment boom on the back of large tech listings and shaking off fears…
World Brazil’s Bolsonaro Bets ‘Miraculous Cure’ For COVID-19 Can Save Brazil July 9, 2020 Ekemini Brazilian President Jair Bolsonaro has gone all in on hydroxychloroquine to help his coronavirus-ravaged country beat COVID-19. He has pushed his government to make the malaria drug widely available and…
Business Fed Officials Suggest U.S. Recovery May Be Stalling July 9, 2020 Ekemini Federal Reserve officials raised fresh doubts on Wednesday about the durability of the U.S. recovery, while new business surveys highlighted developing risks from the relentless coronavirus pandemic. Residents wait in…
World India Raises Concerns With U.S. Over New Rules For Foreign Students July 9, 2020 Ekemini India has conveyed its concerns to the United States about a new immigration order that could force a large number of Indian students to return home, the foreign ministry said…
World Harvard, MIT Seek Temporary Halt To Trump Administration Rule On International Students July 9, 2020 Ekemini Harvard University and Massachusetts Institute of Technology have asked a federal court to temporarily block a Trump administration rule that would bar foreign students from remaining in the United States…
Local Nigeria: Aviation Authority Suspends Skypower Express, 14 Aircraft For Violations July 9, 2020 Ekemini Ahead of the resumption of commercial domestic flights on Wednesday (today), operators in the aviation sector have introduced various mechanisms to protect themselves from the possible spread of coronavirus. It…
Local Nigeria: NCAA Denies Aero, Azman Air Approval July 9, 2020 Ekemini Aero Contractors, Azman Air and Max Air Limited have failed to meet the Nigeria Civil Aviation Authority’s approval to resume operations. This was disclosed in a webinar organised by the…
Africa African Economies Could Shrink 3.4% This Year, Rebound In 2021 -AfDB July 9, 2020 Ekemini Nigeria resumed domestic flights on Wednesday after a hiatus of around three months as Africa’s most populous country relaxes restrictions aimed at curbing the spread of the new coronavirus. The…
Business Nigerian Stocks Slip As Fears Rise Over Naira Devaluation July 9, 2020 Ekemini In the face of economic uncertainty, dollar scarcity and depressed Oil prices, the Central Bank of Nigeria (CBN) has devalued the Naira for the second time this year. At an…
Business Nigeria: Oil Palm Waste As Money Spinner July 8, 2020 Ekemini In the past oil palm waste were discarded. Not any more as two entrepreneurs are using technology to put them to profitable use, DANIEL ESSIET reports. Demand for palm oil…
Business Insulating Nigeria From Perennial Oil Price Volatility July 8, 2020 Ekemini Price volatility is a constant feature of the oil market, exposing oil-dependent countries like Nigeria to regular economic crises when oil prices tumble. Beyond surviving the latest oil price slump…
Local Nigeria Restarts Domestic Flights Amid Easing Coronavirus Restrictions July 8, 2020 Ekemini Nigeria resumed domestic flights on Wednesday after a hiatus of around three months as Africa’s most populous country relaxes restrictions aimed at curbing the spread of the new coronavirus. The…
Banking Business Local Latest Nigerian Currency Devaluation Sows Confusion With Traders July 8, 2020 Ekemini Naira devalued by 5.5% against dollar, according to FMDQ data. Nigeria is seeking to unify its multiple exchange rates
Africa Local Ghana Reopens Over 600 Nigerian Shops July 8, 2020 Ekemini The President of National Association of Nigerian Traders (NANTS), Dr. Ken Ukaoha, has said that over 600 shops belonging to Nigerian traders in Ghana have been reopened for business by…
Business Sterling Clings To Three-Week Highs Ahead Of British Budget Plan July 8, 2020 Ekemini Sterling was steady at $1.2545 GBP=D3 and at 89.96 pence against the euro EURGBP=D3 on Wednesday, a day after hitting three-week highs against both currencies, ahead of expected British moves…
Local Nigeria: Third Mainland Bridge: Fed, Lagos Govts Release 6 Months Traffic Plan July 8, 2020 Ekemini The Federal and Lagos State Governments, yesterday, rolled out traffic management plans for seamless execution during the partial closure of the Third Mainland Bridge maintenance scheduled to last for six…
Business India’s Palm Oil Imports Climb To 5-Month High On Low Stockpiles July 8, 2020 Ekemini Palm oil imports by India climbed to a five-month high in June as traders and refiners in the world’s biggest buyer increased purchases to replenish stockpiles. Inbound shipments increased 45.5%…
Business Dollar Dips As Risk Sentiment Proves Elusive July 8, 2020 Ekemini The dollar dipped slightly on Wednesday as investors weighed hopes for a swift economic recovery against fears about a resurgence in the pandemic, particularly in the United States. Demand for…
Business Local Nigeria’s Naira Eases Sharply On Official Market After Pressure To Unify FX Rate July 8, 2020 Ekemini Nigeria’s naira eased 5.5% on the official market on Tuesday, after the central bank sold dollars to lenders at a lower rate, bowing to pressure from international lenders to unify…
Business Local Nigeria: Speculators Remain In State Of Flux July 8, 2020 Ekemini The naira depreciated against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N386.50 to a dollar, compared to the N386 to a dollar that was…
World Nigerians Drag China To Court, Seek U.S.$200 Billion Compensation Over COVID-19 Pandemic July 8, 2020 Ekemini Abuja — Twenty-five Nigerians from all walks of life have dragged the Peoples Republic of China before the Federal Capital Territory (FCT) High Court over alleged culpability in the spread…
Business Local Vetiva Predicts Stability For Nigeria’s Naira In Near Term July 8, 2020 Ekemini Analysts at Vetiva Research have predicted that despite the downside risks affecting the exchange rate, various policy measures introduced by the Central Bank of Nigeria (CBN) will support the naira…
World Germany Eyes Breakthrough In EU Migration Dispute This Year July 8, 2020 Ekemini Germany said on Tuesday it wants European Union nations to overcome a deadlock on how to handle refugees and migrants this year, weighing in on a bruising dispute that has…
